Environmental Risks and Liability
An international company can suffer serious consequences from environmental incidents. This includes liability and litigation. BHP, for example, has been sued over environmental incidents like oil spillages and mine accidents. An international company can mitigate these risks by adopting effective environmental management practices and systems. It includes conducting an environmental impact assessment, developing measures to prevent or mitigate environmental harm, as well as regularly monitoring and reporting on its environmental performance (Wang and al. 2015). It can be a way to make sure that your business operates in an environmentally responsible way and to reduce risk. Additionally, you can invest in insurance that protects against environmental liability. It can protect your financial interests in case of an emergency and reduce potential legal costs. Cont..
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